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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Al Serrao who wrote (12450)	1/9/1999 4:03:00 PM
From: Bwe	Read Replies (1) \| Respond to of 34809

Al, RMBS has been a terrific stock and you've done a great job of keeping the thread updated on it's p&f progress. Would you mind summing up the RMBS story for the thread so we may become reacquainted with company. After the Bull Trap we discussed at $104 in December, RMBS went on to a Bullish Shakeout Reversal and the buy signal was the move into X's at $95. The Triple Top buy signal at $106 was foreshadowed by the Shakeout Reversal. RMBS has made higher bottoms since December's low of $84 and that's a good sign. The po for RMBS is already set in stone. The January column of X's that crosses over the scale from $1 - $2 a box is the column we'd use to compute the po. I come up with $140. A Revised BSL at $96 would be my guide for important support. The "official" BSL at $73 speaks well of the stock's ascent, but will not offer us any clues as to an early indication of a potential change in the long term trend. Keep an eye on the RBSL. If the stock were to break down for the short term and move to the RBSL, that would be a good opportunity to initiate or add to positions. The RS is very bullish and in X's. Take care, Bruce